Jan 12, 2015 | Tax Planning and Preparation
As you start thinking about retiring, it may also be time to start thinking about changing state residency. Florida has been a favorite of many of our clients not only due to the climate and lifestyle, but also because of the favorable tax rules. Florida doesn’t...
Dec 9, 2014 | Tax Planning and Preparation
As 2014 draws to a close, there are some important items to keep in mind when putting together information for 2014 W-2’s. Company provided vehicle: If your company provides you, or any employee, with a company vehicle that is also used personally, you should...
Oct 9, 2014 | Helpful Articles, Tax Planning and Preparation
Many homeowners take out home equity loans to consolidate debts or finance home improvements. The difference between the amount owed on an existing mortgage and a home’s market value is considered available equity and serves as collateral for home equity loans. There...
Aug 14, 2014 | Tax Planning and Preparation
August is here and Labor Day is just around the corner. Many of you are focused on 2014 and think of 2013 as being in the past – but the IRS is still focused on 2013. September 15, 2014 and October 15, 2014 are the last two deadlines that relate to tax year 2013...
Feb 18, 2014 | Tax Planning and Preparation
With the costs of childcare constantly rising, many people wonder if there are any tax savings available to help with the burden. There are two options to consider. Section 125 Plan (“Cafeteria Plan”) If your employer has a written Section 125 plan in place, they can...
Dec 20, 2013 | Tax Planning and Preparation
With only 10 days remaining in the year, it’s time to act to save taxes by looking at your capital gains and losses. What do you do if you have capital losses to date? Let’s assume you lost money in the stock market during 2013, yet you hold investment assets...